17 January 2014

ONE DAY BAR REVERSAL PATTERN IN NIFTY

Bharti airtel call given in last post achieved first target hope you have booked profit.
NIFTY OUTLOOK FOR TOMORROW
 Nifty lost 57.25 points to settle at 6,261, its lowest closing level since 14 January 2014. The index hit a low of 6,246 and  a high of 6,327  in intraday trade.While the index managed to stay above the 6300-mark amidst the hope that tight monetary regime may come to an end yet the signs on the Nifty. This is generally known as one-day bar reversal pattern....
However, we need to see whether like the prior three tops, mentioned above, it shows a down day with a lower low and a lower close. Now nifty may start above 6300 on Monday ,it may face the hurdle between 6330-6350. Nifty may touch level of 6400 in coming trading sessions.
More about intraday tips on google +
RESISTANCE:6320, 6350,6370

SUPPORT:     6300, 6270,6230

5 comments:

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